UniCredit S.p.A. (OTCMKTS:UNCFF) Sees Significant Drop in Short Interest

UniCredit S.p.A. (OTCMKTS:UNCFF - Get Free Report) was the recipient of a large decrease in short interest during the month of May. As of May 15th, there was short interest totalling 3,527,600 shares, a decrease of 13.2% from the April 30th total of 4,062,500 shares. Based on an average daily volume of 20,500 shares, the days-to-cover ratio is currently 172.1 days. Approximately 0.2% of the company's stock are short sold.

Institutional Trading of UniCredit

A hedge fund recently raised its stake in UniCredit stock. GAMMA Investing LLC lifted its stake in UniCredit S.p.A. (OTCMKTS:UNCFF - Free Report) by 5,505.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 130,723 shares of the financial services provider's stock after buying an additional 128,391 shares during the quarter. GAMMA Investing LLC's holdings in UniCredit were worth $7,328,000 as of its most recent SEC filing.

UniCredit Trading Up 0.2%

OTCMKTS:UNCFF traded up $0.10 during midday trading on Thursday, reaching $66.14. 1,769 shares of the stock traded hands, compared to its average volume of 14,499. UniCredit has a 12-month low of $34.50 and a 12-month high of $67.10. The business has a 50-day moving average of $59.15 and a two-hundred day moving average of $51.01.

About UniCredit

UniCredit S.p.A. provides commercial banking services in Italy, Germany, Central Europe, and Eastern Europe. It offers retail, private, and wealth management solutions; and institutional investor solutions. The company also provides corporate finance advisory, rating advisory, financial sponsor, patient capital, capital structure advisory, and finance solutions, as well as securities services.